Credit Suisse analyst Jon Peace downgraded UBS to Neutral from Outperform with a price target of CHF 21, down from CHF 22. The analyst is overweight on European banks heading into 2023 as he anticipates well-capitalized and high-yielding banks to perform well. However, he sees lack of relative upside in shares of UBS.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on UBS:
